There are many common people who save some money from their income every month, but they don’t think about how that money will increase in the future. Many people are safe by investing in fixed deposits, post office schemes, even gold. But as the price of goods is increasing with time, so does the need to increase money. Today, it is not only necessary to save money, but also to ‘use’ that money. But most of the people think that investment means that there is a need to have a large amount of money or the knowledge of the stock market. Due to this misconception, many people have not yet started investing in Mutual Fund.
What’s wrong with simply saving without investing? (Mutual Fund Investment vs Idle Saving)
As safe as it seems to keep money, it is not as profitable in reality. Because, if the money does not increase in line with the inflation, then that saving will not be enough when needed in the future. Since many people consider the stock market or stock market to be complicated, they stay away from investment. Mutual funds can be an easy and effective way in this place. Even those who do not have a special idea about the market can easily invest in mutual funds these days through SIP or Systematic Investment Plan. But the question remains – how to start?
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Why mutual funds are ideal? (Why mutual funds are ideal)
For those who are completely new to investment, mutual funds are a ‘less risky’ and ‘easy understanding’ option. Here the money is not directly in the stock market, but experienced fund managers distribute it among different companies. As a result, the risk is greatly reduced. Besides, you can start SIP with just ₹500 per month if you want. Many companies offer some schemes, where you can choose a fund according to your risk-taking capacity—low risk, moderate risk or high risk. Here comes the main point – what is the need to start?
How to start the first mutual fund journey? (How to begin mutual fund investment)
In the first step, you need to have a PAN card and an active bank account. Then the KYC (Know Your Customer) process should be completed. You can also do it online on various mutual fund platforms (mutual fund platforms). Once KYC is done, you can invest money in SIP or Lum-Sum method. There are many apps like Groww, Zerodha, Paytm Money, which you can use at home to choose mutual funds. Each fund is accompanied by its performance report, rating and risk analysis. Accordingly, it is very easy to choose the right fund for yourself.
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The profit in the right plan is more, the unplanned investment is harmful (Plan before investing in mutual fund)
Investment in mutual funds is not necessary. But if you want to build a solid financial foundation for the future, start investing in small amounts from today. Remember, patience is the key here. Mutual Fund gives great results in Long Term Mutual Fund Investment. If you have proper planning and regular review (regular review) you will have your financial goal. (Financial Goals) such as buying a house, studying for a child, retirement security—everything can be achieved. Start with ₹500 today or ₹500, this can be a big step to protect the future.